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FX.co ★ Forecasts for AUD/USD on April 19, 2021

Forecasts for AUD/USD on April 19, 2021

AUD/USD

Today it opened below the balance indicator line. This means that the interest of market players at the opening of the week, expressed through this technical instrument, is aimed at pulling down the Australian currency. This reversal trend is confirmed by the Marlin oscillator, which is confidently turning down. The target is the high on December 17, 2020 at 0.7641. Overcoming the level opens the second target at 0.7565.

Forecasts for AUD/USD on April 19, 2021

The Marlin oscillator has not yet moved into the downward trend zone on the four-hour chart. Perhaps such a prudent stop of it near the border of the bears' territory is associated with an open gap. However, the gap is so small (3 points) that it can be neglected. But regardless of whether this gap is closed or not, a confirmation of the condition and a sign of a confident price movement to the downside will be its departure under the MACD line, below 0.7675.

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Forecasts for AUD/USD on April 19, 2021

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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